India: RINL’s latest crude coal tar auction draws no bids amid elevated base price

RINL-Vizag Steel Plant conducted a crude coal tar auction on 13 Oct’25, offering 1,260 t at a base price of INR 35,500/t. However, the auction received no bids, as buyers considered the base price higher than market expectations. The auction had earlier been postponed from 9 Oct’25 due to a similar lack of participation.


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